Business Plan UpdateBusiness Plan Update

Where you should be…Where you should be…

Where you should be going…Where you should be going…

Gather the PiecesGather the Pieces

Organize what you have so it is logical and Organize what you have so it is logical and consistent in its flowconsistent in its flow

Refine existing parts so they are in final Refine existing parts so they are in final draft formdraft form

Look for holes in the information and fill Look for holes in the information and fill themthem

Refine the look and layoutRefine the look and layout Produce the final draftProduce the final draft Create the presentationCreate the presentation

OrganizationOrganization

Logical and professionalLogical and professional Use appendices for material that is Use appendices for material that is

supportive but not essential to the main supportive but not essential to the main narrativenarrative

Use graphs instead of tables of numbers Use graphs instead of tables of numbers whenever possiblewhenever possible

Use quarterly and/or annual summaries to Use quarterly and/or annual summaries to help show statements in good formathelp show statements in good format

FinancialsFinancials

List and justify all assumptions and inputsList and justify all assumptions and inputs Model and discuss risk and contingency Model and discuss risk and contingency

plansplans Clearly describe your financial plan – how Clearly describe your financial plan – how

much money will you need, when will you much money will you need, when will you need it, how will you get it, and why do need it, how will you get it, and why do you think you can get it?you think you can get it?

Use basic ratio analysis to describe your Use basic ratio analysis to describe your company’s financial health over timecompany’s financial health over time

FinancialsFinancials

Don’t forget to put funds raised from Don’t forget to put funds raised from equity and debt in the cash budget as equity and debt in the cash budget as cash inflows, and payments as cash cash inflows, and payments as cash outflowsoutflows

To get the balance sheet to balance while To get the balance sheet to balance while the statements are under construction, the statements are under construction, zero out depreciation, interest zero out depreciation, interest income/payments on ST debt and income/payments on ST debt and marketable securities, and taxes. When marketable securities, and taxes. When you get it to balance (close is good) then you get it to balance (close is good) then put these items back in.put these items back in.

FinancialsFinancials

Don’t try to make my exampleDon’t try to make my example

Fit your business Fit your business

Unless it really fits!Unless it really fits!

Your model needs to be appropriateYour model needs to be appropriate

For YOUR business.For YOUR business.

GradingGrading

Grade form examples are postedGrade form examples are posted

Business Plan Write-Up 60%Business Plan Write-Up 60%

Presentation 40%Presentation 40%

What Do We Expect?What Do We Expect?

Professional quality writingProfessional quality writing Professional quality analysisProfessional quality analysis Professional quality layoutProfessional quality layout Professional quality presentationProfessional quality presentation